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Kudos to you for moving towards ESG! I love the idea of incorporating this into your due diligence. I haven't actually seen it in place, but I agree that its the direction we're headed. I did find a site that I thought pretty informative becuase there is a checklist of considerations for each of the three categories:
https://socialfintech.org/esg-an-introduction/. Maybe it will help! It would be great to hear some feedback on how the pilot played out, especially as it pertains to third party / vendor due diligence.
Anyone else incorporating ESG into this process?
Original Message:
Sent: 06-16-2020 07:23 AM
From: David Ireson
Subject: Environmental, Social and Governance (ESG) Metrics/Questions in Risk Assessments
Morning,
Considering a pilot project to incorporate ESG questions (metrics & ratings) as we look at onboarding due diligence process of our 3rd party integrators, counterparties and potentially expanding into our critical and significant suppliers. Anyone started incorporating ESG related due diligence into their questionnaires or 3rd party pre-qualifications?
If so and able to share an overview of the framework or questions that will be great.
Thanks.
Dave Ireson
Manager, Supplier Risk Monitoring - Corporate Procurement